SARA 1Malaysia

1. What are the salient terms of the loan?

The loan is offered at a fixed amount of RM5,000 per household for purchase of 5,000 Amanah Saham 1Malaysia (AS 1Malaysia)I units. The unique feature of the Scheme allows participants to repay only the minimum amount over 60 monthly installments. The loan tenure is 5 years.

2. Is [...]

1. How do I apply for the Scheme?

Interested applicants must obtain forms from participating banks starting from January 30, 2012**. Completed forms together with the required documents are to be submitted to the banks for verification and consideration.

**Subject to change

2. Which are the participating banks?

There are four banks namely Maybank, CIMB, RHB and BSN.

3. How [...]

ELIGIBILITY Malaysians aged between 18 and 58 years old Gross household income of between RM500 and RM3,000 Applicants must not be declared bankrupt throughout the loan funding period Any other terms set by the banks Applicants and / or spouse must not be a participant or beneficiary of any ASNB-related Government programme: Program Pembangunan Rakyat Termiskin; ASB Sejahtera; and ASW2020-Bandar Applicants and / or [...]

1. What is “Skim SARA 1Malaysia”?

This is a special scheme introduced by the Government of Malaysia aimed at promoting the participation of the low income group to save and invest; apart from assisting them in managing the impact of the rising current cost of living.

The Scheme will be implemented in collaboration with Permodalan Nasional Berhad [...]